LendingTree (NASDAQ:TREE) Receives “Buy” Rating from Truist Financial

Truist Financial reiterated their buy rating on shares of LendingTree (NASDAQ:TREE) in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a $55.00 price target on the financial services provider’s stock, up from their prior price target of $37.00.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. upped their target price on LendingTree from $25.00 to $38.00 and gave the company an overweight rating in a research report on Wednesday, February 28th. Oppenheimer increased their price objective on LendingTree from $45.00 to $55.00 and gave the company an outperform rating in a report on Wednesday. Keefe, Bruyette & Woods raised LendingTree from a market perform rating to an outperform rating and lifted their target price for the stock from $24.00 to $45.00 in a report on Wednesday, February 28th. StockNews.com downgraded shares of LendingTree from a buy rating to a hold rating in a report on Monday, March 25th. Finally, Susquehanna lifted their price objective on shares of LendingTree from $15.00 to $27.00 and gave the company a neutral rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $48.50.

LendingTree Price Performance

Shares of NASDAQ TREE opened at $49.41 on Wednesday. LendingTree has a fifty-two week low of $10.12 and a fifty-two week high of $51.72. The company has a market cap of $653.45 million, a PE ratio of -4.76 and a beta of 2.10. The company has a debt-to-equity ratio of 4.80, a quick ratio of 2.60 and a current ratio of 3.71. The business has a 50-day simple moving average of $39.52 and a two-hundred day simple moving average of $29.88.

LendingTree (NASDAQ:TREE) last released its earnings results on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.14. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. The company had revenue of $134.40 million during the quarter, compared to analysts’ expectations of $135.55 million. During the same period last year, the business earned ($0.53) EPS. As a group, equities analysts expect that LendingTree will post -0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Cornerstone Wealth Management LLC purchased a new position in shares of LendingTree during the 4th quarter valued at approximately $252,000. Acadian Asset Management LLC increased its holdings in LendingTree by 21.2% in the third quarter. Acadian Asset Management LLC now owns 90,014 shares of the financial services provider’s stock valued at $1,393,000 after buying an additional 15,765 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of LendingTree by 26.5% in the third quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider’s stock worth $2,943,000 after acquiring an additional 39,745 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of LendingTree by 0.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 345,292 shares of the financial services provider’s stock worth $5,352,000 after acquiring an additional 2,952 shares in the last quarter. Finally, Shenkman Capital Management Inc. purchased a new stake in shares of LendingTree during the 3rd quarter worth about $1,860,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

About LendingTree

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.